U.K.’s Arcane Land-Ownership Rules Targeted by Labour Party

August 20, 2019
Will Mathis - Bloomberg

The opposition Labour Party took aim at one of the U.K.’s most controversial land-ownership rules, proposing to end a system that can leave some homeowners paying rent each year on the ground beneath their buildings.

So-called leaseholders, who own a house or flat but not the plot underneath, would have the right to buy that land for no more than 1% of the property’s value under Labour’s plan. The “ground rent” they pay each year to owners of the land beneath their buildings would also be capped, and the sale of new private leasehold homes would be stopped.


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